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Monthly Archives: August 2019

Shootings near Odessa and Midland, Texas leave 5 dead and 21 injured

Mark Makela | Getty Images News | Getty Images At least five people are dead and 21 injured in shootings near Odessa and Midland, Texas, according to police.  The active shooter was shot and killed in Odessa, Midland police said. There is not an active shooter at this time, officials …

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Automaker discounts are bigger for the Labor Day weekend sales push

If you’re in the market for a new car, there’s a good chance you’ll find some decent deals during the long Labor Day weekend sales push. With vehicles sitting on lots longer and dealerships eager to make room for next year’s models, automakers have boosted their discounts ahead of the …

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Craft beer brewers caught in the middle of Trump trade war

Beer being poured at Night Shift Brewing. Source: Night Shift Brewing Collin Castore started selling beer out of coolers in parking lots at Grateful Dead concerts. It was the mid-1990s and craft beer was a small niche market. While most people were drinking big labels like Budweiser and Miller, Grateful …

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August was a wild month for Wall Street, here’s what happened

Jin Lee | Bloomberg | Getty Images Wall Street suffered from whiplash throughout August as trade headlines and recession angst sent stocks on a wild ride during the last full month of summer. The S&P 500 posted 11 moves of more than 1% in 22 trading sessions for August. Those …

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Summer Streets – The New York Times

The Look New York in this season exists principally out of doors. Some New Yorkers live to get out of town in the summer, to country homes and beach rentals and European villas far from the din of this metropolis. Then there are those who wake up one sweaty morning …

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Investors through choppy August markets but September may be no better

Stock market investors may be glad to see August go, but September might not be any better, unless there are some positive developments in the trade war. Markets enter September, anticipating a Federal Reserve rate cut mid-month and worrying the chilling in the global economy will reach the U.S. There …

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Volatile August leaves US yields down, investors wary of recession

In normal times, the U.S. Treasury market could be described as “stable,” “reliable” or even “boring.” August, however, was not normal. Long-term government debt yields in August posted one of their most dramatic downswings in recent memory as a surge in global demand for bonds forced prices up and rates …

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Billionaire 2020 hopeful Steyer remains invested in funds tied to his old firm

Tom Steyer, a businessman and 2020 presidential candidate, greets an attendee during the Iowa State Fair in Des Moines, Aug. 11, 2019. Al Drago | Bloomberg | Getty Images Billionaire Democratic presidential candidate Tom Steyer remains an investor in assets tied to the hedge fund he founded. Steyer has made …

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Companies may be terrified of tariffs, but consumers clearly aren’t

While corporate America frets over the impact the U.S.-China trade war will have on future costs, consumer just keep right on rolling. The latest evidence of a resilient consumer comes from the July spending numbers, which showed a 0.6% monthly gain in personal spending even amid a more tepid 0.1% …

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Three charts suggest this rebound rally may falter

Stocks are on pace for their best week since June, closing the book on a month plagued with major sell-offs. The S&P 500 is up more than 2% this week, cutting down August losses. At its worst, the index had fallen more than 5% this month. The worst may not …

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